In this episode, John Mihaljevic hosts a discussion of:

The power of counterfactual thinking: Phil Ordway talks about counterfactual thinking as a decision-making framework. We discuss examples and observe that counterfactual thinking might be in rare supply these days.

The theory of reflexivity: Elliot Turner talks about reflexivity as a valuable concept that many value investors have not studied in sufficient detail. We discuss example of reflexivity at work in markets, both historically and currently.

Enjoy the discussion!

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